Doing Business in China

Auto maker GM falls to sell the Hummer to Sichuan Tengzhong in China

General Motors Co. (GM-N0.75----%) said Wednesday it will wind down operations of its Hummer division after a deal to sell it to Chinese industrial company Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. fell through.

With the gas price soaring,Hummers became a target of environmentalist activists and even ordinary citizens – some would give the finger to Hummer drivers or even scrape the vehicles with their car keys.

Despite the public scorn, it wasn't until GM began sliding toward Chapter 11 bankruptcy protection last year that the auto maker gave up on Hummer and put it up for sale as it slashed its divisions to four from eight.

The end – unless the restructured GM can find another buyer – came when Tengzhong was unable to complete the deal.

Auto maker GM falls to sell the Hummer to Sichuan Tengzhong in China